Free Trial

***The trades in USD swaps post-FOMC...........>

FOMC
FOMC: ***The trades in USD swaps post-FOMC. Firstly worth pointing out that risk
is being passed around rather than assumed. Even medium-sized trades can be seen
getting replicated. Steepeners appear popular. 
* At 05:43GMT there appeared to be a USD47.4k 5Y-7Y-10Y Fly, paying the belly.
Traded on later 
* At 04:53GMT there appeared to be a USD25.8k DV01 2Y-3Y STEEPENER at 10.75bp 
* At 04:51GMT there appeared to be a USD20.1k DV01 2Y-3Y STEEPENER at 10.75bp 
* At 03:35GMT there appeared to be a USD43.6k DV01 5Y-10Y STEEPENER at 9.375bp,
Traded again at 0401GMT and 0444GMT 
* At 01:17GMT there appeared to be a USD63.1k 5Y-7Y-10Y Fly, receiving the belly

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.